Thailand Passenger Tyres Lose Duty-Free Status
The US government dropped the duty-free status for certain passenger tyres produced in Thailand, part of a group of imported products that were part of an annual tariff review of trade programmes involving emerging countries, reports Tire Review. With the change, Thailand-produced passenger tyres are now subject to a tariff if annual imports of those products exceed $140 million in value or represent 50 per cent of total passenger tyres imported into the US. No tariff has been set or planned for these tyres. The status change was made when US trade officials found the product to be ''sufficiently competitive'' in the US.